Seniors will have higher Medicare drug cost in 2010

by Jim Howard on November 3, 2009

in Featured

  Senior Journal dot Com reports “Senior Citizens Facing Higher Medicare Drug Plan Premiums May Seek Lower Cost Options.” 
  “…Oct. 8, 2009 – Medicare announced in August that senior citizens are expected to face a 7 percent premium increase for the average Part D prescription drug plan in 2010. The news is even worse for some in Medicare Advantage plans that will see a premium jump of almost 22 percent…”

  The article says that we can try a less expense insurance plan.  The problem is that many of us already had the least expensive plan.
  The numbers they give look correct to me… I been looking at the new 2010 plans and I am finding they all have made increases in the cost of medications.  I been getting my medications for free but it looks like I am going to pay at least $50.00 a month for the three I get now and if a doctor adds some medications my cost will go up. 
  There are other costs that could hit me and others.

  I am still looking for a SS medical insurance plan…I was thinking that I just was not finding the right plan…Now I see that all of the plans are increasing what it is going to cost us.
  It looks like Jarrod is correct in his comment here – see comment here.
  If he is correct, and it appears he is, it is going to hurt me a great deal but if it means that all Americans will have national health insurance I am more than willing to pay the price.

  I would stay with my current insurance plan but I will have to pick a new one in Texas.

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